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cnbc.com
Putin details Russia’s fuel shortages after Ukrainian drone strikes
Putin's comments mark the first time he has detailed the extent to which Ukraine's deep-strike successes have hampered Russia's fuel production.
theguardian.com
BT and Verizon to create joint global business in $625m deal
UK telecoms group’s 50/50 venture ends more than 18-month search for a buyer of its international operationsBusiness live – latest updatesBT and the US mobile company Verizon are to combine their international businesses, ending the British telecom group’s more than 18-month search for a buyer.Verizon will pay a $625m (£473m) “equalisation” fee to BT to guarantee equal voting rights in the new 50/50 joint venture, the companies announced on Monday. The deal is expected to create a company with more than 3,000 customers across about 180 countries and $4bn in combined annual revenue. Continue reading...
theguardian.com
Bank of England chief economist warns against ‘complacency’ in fight against inflation – business live
Rolling coverage of the latest economic and financial newsOver in Korea, two of the country’s chipmaking giants and the Seoul government have announced a massive manufacturing expansion costing more than half a trillion dollars, to address the shortages of AI chips.President Lee Jae Myung pledged to cement South Korea’s leadership in the industry with investments worth more than $576bn over several years covering semiconductors, AI data centres and robotics.“We must secure the core elements of AI faster than any other country.Semiconductors, physical AI, and AI data centres are the triple axis for our great leap forward.” Continue reading...
theguardian.com
New campaign urges public to reduce water use as UK emerges from heatwave
Exclusive: £75m publicity drive will ask people to treat water as precious resource and cut daily use by 28 litresThe biggest ever campaign to encourage the public to reduce their water use will launch this week, as the UK emerges from record temperatures attributed to the climate crisis.The £75m publicity drive, called Let’s Save Water, will advise and encourage people to treat water as a precious resource and has a target for everyone to cut their daily use by 28 litres – or two large buckets – from the current average use of about 140 litres a day. Continue reading...
theguardian.com
Holidaymakers warned over social media scams for fake accommodation
Research suggests travel scams are on rise as experts advise doing some detective work to make sure holidays are realHolidaymakers have been advised to carry out amateur detective work to ensure they do not book into fake accommodation this summer, as research showed a third of travellers had seen an increase in potential travel scams on social media.Consumer experts have urged holidaymakers to do a reverse image search on photographs of holiday homes and check their locations on an online map to verify they are real. Continue reading...
bbc.co.uk
South Korea unveils $1tn chip and AI investment plan
It comes as regional rivals like Taiwan, China and Japan are investing heavily in chip factories and other technology.
cnbc.com
South Korea says Samsung and SK Hynix investing in AI, semiconductor mega-projects
Shares of Samsung Electronics and SK Hynix declined after South Korea unveiled sweeping artificial intelligence and semiconductor mega-projects.
cnbc.com
CNBC Daily Open: Hostilities halted again as peace talks continue
The U.S. and Iran agree to pause fresh hostilities, sending futures higher. But concerns over the peace talks continue, pushing oil back above $70 a barrel.
theguardian.com
Good for business – or profit at any cost? The controversial side of private equity – a visual explainer
While it can transform firms for better or worse, the use of private equity in essential services is attracting scrutiny. Here we examine some of its more contentious elements in the UK veterinary sectorPrivate equity could be the two most controversial words in business. For its supporters, it can bring investment, expertise and efficiency to a company. For critics, it is a one way ticket to profiteering, cutting costs and losing staff.The arguments over private equity are particularly fierce when it is used in the public sector, particularly the NHS. Continue reading...
theguardian.com
‘Buy the haystack’: how tracker funds beat searching for shares
Designed to mirror the stock market, they are an easy and cheap way to save. Here’s how to start investing in themTracker funds have been around for about half a century, providing investors with access to a range of assets without them having to make difficult and risky decisions.Built to follow the fortunes of a given financial market index, trackers do not need management teams, which means they generally come with low charges. If you have a workplace pension, you probably already invested in one without realising it. If you want to start investing, you are likely to be directed towards a tracker fund. Continue reading...
bbc.co.uk
Fears energy bill rise mean people 'surviving rather than living'
People in a Lancashire town say they "don't know where the money will come from" if bills go up.
bbc.co.uk
How much should we be prepared to pay for our food?
A chorus of people say that rather than capping prices, consumers should consider spending more
bbc.co.uk
Rogue builder left our roof leaking and spent £30K we gave him in Lanzarote
Christian Williams benefitted to the tune of £160,000 from offending - but had just £1 to pay back.
theguardian.com
Reversing UK employment tax rises ‘would do little to help young people find jobs’
Resolution Foundation calls for extra funding for apprenticeships and increase in number of youth support grantsBritish firms to get £3,000 for every long-term jobless youngster they hireMinisters should reject calls to reverse employment tax increases as a way to boost jobs for young people in favour of extra funding for apprenticeships and increasing the number of youth support grants, according to a leading thinktank.The Resolution Foundation said an in-depth study showed a cut in employers’ national insurance contributions (NICs) and a reduction in the minimum wage for under-21s – measures demanded by business groups – would do little to promote the chances of younger workers finding a job. Continue reading...
cnbc.com
The AI boom is colliding with a new threat: severe weather
Heatwaves and severe weather are raising risks for AI data centers, from grid strain to higher insurance and repair costs.
cnbc.com
China widens Japan export curbs, targeting drone makers, nuclear firms and defense institutes
China blacklisted four of Japan's government defense research institutes and placed dozens more Japanese firms under tightened export restrictions Monday.
cnbc.com
Baidu shares jump 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO
Baidu's Hong Kong-listed shares rose over 6% amid reports that its AI chip unit Kunlunxin is targeting a $50 billion initial public offering in the city.
theguardian.com
‘We’re up against forces that have all the money in the world’: Erin Brockovich on her battle against AI datacentres
In 1993, she squeezed a $333m settlement from a Californian energy company in a scandal over contaminated water. Three decades later, she has a new target in her sights – and it’s globalWhen Erin Brockovich woke to find 30 emails from people from the same town, she realised something was going on. People email Brockovich all the time because of what happened in 1993, when she was instrumental in suing Pacific Gas and Electric Company (PG&E) on behalf of residents of the town of Hinkley, California, whose groundwater had been contaminated. The case resulted in a settlement of $333m – then the largest ever payout for a direct-action lawsuit. When she was immortalised by Julia Roberts in the 2000 film Erin Brockovich, she became the hero we didn’t know we needed, a modern day Joan of Arc. She had won against PG&E with no formal legal training.The emails she received a few weeks ago were about datacentres. In April, she put a callout on her website asking for anyone with concerns about one near them to get in touch. Within a month, 3,862 people had replied. Tech companies have needed datacentres to power their technology “for ever”, she says, but the new ones being built to power AI? “This feels like Hinkley on steroids.” Continue reading...
theguardian.com
‘Meet me at the dancing dogs tent!’ What’s behind Britain’s festival frenzy?
They used to mean crusties, hippies, all-male lineups, near riots and burning toilets. Now, from Dorset to Inverness, there’s a festival – and a costume – for everyone. What caused this boom? And is there a dark side?It’s 7pm on the first day of Gala festival in Peckham Rye park and dry ice drifts into the trees as grime MC Novelist, born just miles away, raps about a south London bus. “Four eight four! Going on raw on the 484,” he spits with a grin, bouncing like the sweaty moshpit in front of him. There are already hands in the air for this hyperlocal elegy when the DJ teases the next instrumental, Skream’s unmistakable Midnight Request Line – dubstep’s greatest ever anthem.Gala is one of the first festivals of the now overflowing British summer season. That same weekend, Black Water County kicked off the Cursus cider and music festival in Dorset, Fatboy Slim headlined the Radio 1 Big Weekend in Sunderland, and scores more fizzed into action, from Elderflower Fields in East Sussex to Devauden in south Wales, Slam Dunk in Hertfordshire, Dot to Dot in Nottingham, as well as Sidmouth jazz and blues festival and Chippenham folk festival. Continue reading...
theguardian.com
Shares in chipmakers underpinning AI boom rocket in first half of 2026
Value of some chip manufacturers have tripled, or more, driving Asia Pacific stock markets sharply higherShares in chipmakers have surged in the first half of this year as investors piled into companies that make the hardware underpinning the AI boom, according to analysis.Investors have driven up the value of semiconductor and memory chip manufacturers, whose profits have soared during 2026, at the expense of some large software companies, which have fallen out of favour this year. Continue reading...
cnbc.com
U.S., Iran pause hostilities as Hormuz shipping resumes after weekend clashes
The U.S. and Iran agreed to pause hostilities and allow commercial vessels to move freely through the Strait of Hormuz, easing fears of a prolonged disruption to global oil supplies after a weekend of military exchanges.
cnbc.com
CNBC Daily Open: Another weekend escalation in Iran, another market shrug
Tensions in the Middle East flared again over the weekend, but markets appeared largely unfazed, with investors instead turning to a tech recovery rally.
cnbc.com
From concerts to train rides, bots are winning the ticket wars — but they're only part of the problem
From concerts to train reservations, automated bots have become the latest target in the fight against ticket scalping.
bbc.co.uk
Got the tennis bug? How to play sport without paying
As the world's best players begin play at Wimbledon, how can you get into sport on a budget.
theguardian.com
London mayor to override opposition to outdoor dining in Soho next summer
Exclusive: Sadiq Khan plans to use new powers after local council opposes city scheme for seasonal pedestrianisationThe mayor of London, Sadiq Khan, plans to override opposition to al fresco dining in Soho after the local council failed to apply to a scheme for seasonal pedestrianisation that is being introduced across the capital this summer.From 2027, restaurants in London’s entertainment district will be allowed to put chairs outside in the warmer months despite a longstanding local row on the issue. Continue reading...
theguardian.com
Pause HS2 reset until you are confident it can be delivered, NAO tells ministers
Spending watchdog says high-speed rail project must be put on stable footing to avoid repeat of costly past failuresRevised plans for HS2 should not be put into action until the government is confident they can be delivered, according to the public spending watchdog.The project to build the high-speed railway must be put on a stable footing to avoid a repeat of past failures, the National Audit Office (NAO) said in a report. Continue reading...
theguardian.com
Developers want to build on top of my flat and there’s nothing I can do to stop it | Letter
A reader highlights how little safety or security there is for leasehold flat owners if the freeholder wants to monetise roof spaceYour article on the National Leasehold Campaign highlighted the financial injustices of leasehold ownership, but there is another growing problem that deserves attention: rooftop development on occupied blocks, which was highlighted also by a letter published in response to the article.I am a leaseholder in north London and planning permission has been granted for additional storeys to be built on top of our building. Like many leaseholders, I bought my flat believing that I had security in my home, only to discover that the roof above it could later be treated as a development opportunity over which I had virtually no control. Continue reading...
theguardian.com
Sky makes £2bn spending pledge as it prepares takeover of ITV broadcasting arm
Deal could be announced in July and vow will safeguard future of shows such as Coronation Street and Love IslandSky has committed to spending £2bn on ITV’s studios business over the next five years as it hammers out a takeover of its broadcasting arm, a move that will safeguard the future of popular programmes such as Coronation Street and Love Island.Sky, owned by the US telecoms company Comcast, has been in talks for months to buy ITV’s media and entertainment operations, which include its free-to-air TV channels in the UK and the ITVX streaming platform. The £1.6bn takeover deal could be announced in early July, the Sunday Times reported. Continue reading...
theguardian.com
Feeling bored and disconnected for your job? You may be facing workplace 'rust-out' | Gene Marks
The latest work buzzword describes feeling under-stimulated at your job – but you can break free from workplace monotonyThere is a woman I know who works in the accounts payable department at one of my clients. She’s in her late 40s and she’s been doing the same job for at least 10 years. Entering payables, reconciling expense accounts, matching documents, calling suppliers.Sound boring? Not to her. She’s happy, enjoys the routine and appreciates her employer. She’s not “rusting-out” – the latest workplace buzzword. Continue reading...
cnbc.com
If you think China needs to dethrone U.S. dollar, you don't understand how it is waging global currency war
It's misguided to focus on China's renminbi replacing the U.S. dollar. Beijing is already successfully reducing dependence on a dollar-centric global system.
theguardian.com
Ministers urged to curb energy costs as Great British homes face 13% bill surge
Quarterly Ofgem price cap rises to equivalent of £1,862 a year from 1 July amid growing consumer energy debt Ministers are facing growing pressure to lower energy costs as households in Great Britain face the steepest rise in summer bills in four years this week.The quarterly cap on gas and electricity charges will rise by 13% from Wednesday to the equivalent of £1,862 a year for an average household, just days after figures revealed that consumer energy debt had reached record highs. Continue reading...
theguardian.com
‘Crypto v community’: 4,000 local US lenders join forces to fight ‘stablecoins’ law
Up to 4,000 community banks fear looming legislation to regulate digital cash will deprive rural firms and farmers of $850bn-worth of loansOn a quiet summer morning, above a small mid-western town, an American flag is waving in the breeze. The camera cuts to a father helping his son at the wheel of a tractor, and flits to a smiling couple on a grass-lined pavement, moments before flashing to grainy images of “crypto insiders” in suits.“American families don’t want experiments with their money,” a voice booms. “They want jobs, growth, and available credit. When crypto gets a free pass, communities pay the price.” Continue reading...
theguardian.com
Spirit airlines is dead and a bus travel boom looks likely – but will Greyhounds ever be cool again?
For most Americans, riding a bus means abandoning expectations of basic dignity – but with an increase in ridership, that could change“It’s a grueling experience,” Greyhound bus enthusiast Miles Taylor explains. “You’re not treated very well. Everyone is yelling at you the entire time. When the bus is late, they blame you for it, like somehow you’ve done something wrong. You just get screamed at for wanting to know what’s going on, because no one says anything.”Taylor is obsessed with public transit. “I never really grew out of my little boy train phase,” the 26-year-old said. He works as a scheduler for Boston’s MBTA and runs a popular YouTube account documenting the bus trips he takes for fun in his spare time. Taylor traveled across the country by Greyhound twice; a Boston to Seattle route took 104 hours. But even he admits that America’s bus system is far from luxurious – or even comfortable. Continue reading...
theguardian.com
Ed Miliband as chancellor would benefit every part of the UK – and the bond markets | Josh Ryan-Collins
If Andy Burnham chooses the energy secretary, Labour could fully use the benefits of net zero to promote growth and jobsIt should have been a great week for Ed Miliband and his mission to decarbonise the UK economy. Western Europe has experienced one of its worst ever heatwaves, providing powerful evidence of the need to transition away from fossil-fuel-driven energy production to reduce the carbon emissions that are contributing to global heating.Instead, however, he has been attacked by an unholy alliance of trade unions and leading City figures, apparently determined to prevent him becoming chancellor in the cabinet of the presumptive new prime minister, Andy Burnham.Josh Ryan-Collins is professor of economics and finance at the UCL Institute for Innovation and Public Purpose Continue reading...
theguardian.com
When it comes to taxing the super rich, there’s no need to reinvent the wheel
Any new tax on the rich won’t raise much money unless many of the exceptions and loopholes are dealt withIn this new era of rampaging oligarchs, nothing may seem as satisfying as slapping a tax on Elon Musk’s new trillion-dollar fortune. What most bothers Americans about federal taxes is that billionaires don’t pay their fair share. As the race to develop artificial intelligence mints more billionaires, policymakers’ temptation to directly tax their brobdingnagian wealth is becoming unbearable.The first state out of the blocks is California, where voters in November will decide whether to impose a one-time tax of 5% on fortunes worth more than $1bn. Given the ease with which plutocrats avoid paying income taxes, the case for this sort of direct tax on their stash appears unassailable. Continue reading...
theguardian.com
‘British food will disappear’: trade deal after Brexit is hitting UK farmers hard
Home-grown food may become a niche product for wealthy in our supermarkets as British farmers’ incomes plummetFor Liz Webster, who farms 647 hectares (1600 acres) in Wiltshire, south west England, the latest impact of Brexit has been particularly brutal. About £400 per animal has been wiped off the price she can get for her beef cattle, a hefty blow at a time when all the inputs – feed, energy, fertiliser – are going through the roof.The fall in price, on livestock that typically fetch £2,000 to £3,000 per animal, is the result of a flood of cheaper meat arriving from Australia, the result of one of the new trade deals the government has signed since the UK left the European Union. Prices for beef in the supermarkets have remained broadly the same, but farmers have seen their income plummet. Continue reading...
cnbc.com
A 'perfect storm' points to a much smaller U.S. auto market by 2040
The auto industry is selling fewer cars--one forecaster says this is a fundamental change, and it is going to get worse.
theguardian.com
Ocado boss Tim Steiner’s near £100m in pay raises ‘serious concerns’
Reports claim replacement being lined up for co-founder amid concern over high pay and company’s struggling share priceThe boss of Ocado has collected nearly £100m since the online grocery company floated on the stock market in 2010 despite its share price now languishing below its flotation level, analysis has shown.Tim Steiner, a former Goldman Sachs trader who co-founded the British technology company in 2000, is thought to be in discussions over his future after it emerged Ocado had approached at least one potential replacement. Continue reading...
theguardian.com
‘Tech firms are losing the public’: social media age bans near tipping point
UK is latest country to set minimum age for social media access but big tech is fighting back globally against curbsSocial media bans go global: big tech faces a reckoning after Australia’s crackdownArturo Béjar, a former employee turned whistleblower at Mark Zuckerberg’s Meta, has talked to parents around the world. He says they share the same perspective: they dread the day their children are old enough to go online.Governments appear to be listening too. This month the UK became the latest country to state that it would set a minimum age of 16 for accessing major social media platforms. Social media bans are becoming a legislative trend after the precedent set by Australia last year, when it imposed an age limit on platforms including Meta’s Instagram and Facebook, Google’s YouTube, Elon Musk’s X, TikTok and Snapchat. Continue reading...
theguardian.com
Rising cost of insuring against climate crisis will have wider knock-on effects for UK economy | Heather Stewart
As extreme weather events become more common, economists say government will need to take more active role to protect consumersAnyone attempting to notch up a productive day’s work in the searing heat of southern England this last week was left in little doubt about the impact of extreme weather.But the economic effects of the climate crisis for the UK are not confined to the many hours lost to quietly perspiring – or fetching kids dismissed early from scorching classrooms. Continue reading...
theguardian.com
Will Andy Burnham ‘go big’ in expanding the role of the state?
In the first of a series on nationalisation, we look at the critical tests ahead for the PM-in-waiting, from choosing a chancellor to the future of Thames WaterAs he swept towards victory in the Makerfield byelection, Andy Burnham told voters he wanted to see “the essentials of life being run primarily for the public interest, not for the private interests”.Citing the Bee Network of buses and trams across Manchester city region, brought together on his watch, Burnham repeatedly highlighted the need for more “public control” over the necessities of life. Water, energy, transport and housing are at the top of his list. Continue reading...
theguardian.com
Lost your crypto access code? Be wary, there‘s a scam for that too
A niche type of fraud is lucrative enough for criminals to set up fake websites with dodgy software to harvest your dataAfter holding them for a few years, you have decided it is time to cash in your cryptocurrency holdings. The problem is, it is so long since you set up the digital wallet which manages them on your laptop, you have forgotten the lengthy access code.Stressed at the thought of losing thousands of pounds, you search and download a program which promises to recover the 24-word “seed phrase” which gives you access to your cypto assets. Continue reading...
theguardian.com
Labour has abandoned the missions that brought it to power. Here's how Burnham could revive them. | Mariana Mazzucato
With a new prime minister incoming, Labour faces a fundamental question about its economic visionAs Keir Starmer stands down as prime minister and attention turns toward Andy Burnham, the current moment should not be reduced to a story of personalities. The question that matters is strategy, and the Labour party has three years left to get this right.When Labour won its landslide in July 2024, it did so on the promise of a new kind of governance: five national missions to tackle the UK’s deepest structural challenges, from clean energy to child poverty, inspired by my book, Mission Economy. That was the right answer to a real question: what is the economy for, and why should it matter to people’s daily lives? Mission-oriented government is not just a political slogan, but a proven approach to solving society’s biggest challenges, generating good jobs and resilient growth in the process.Mariana Mazzucato is professor in the economics of innovation and public value at University College London, where she is founding director of the UCL Institute for Innovation & Public Purpose. She is the author of The Common Good: a new compass Continue reading...
cnbc.com
From protein coffee to CBD soda: How brands are cashing in on the functional beverage boom
"We're selling [almost] as much protein cold foam as we do flat whites," Starbuck's EMEA Manager of Beverage Development Sam Henderson told CNBC.
cnbc.com
SpaceX to join the Nasdaq-100 in a fast-tracked process that will drive huge ETF buying demand
Adding SpaceX this quickly would make the Elon Musk company one of the first beneficiaries of Nasdaq's recently adopted fast-track inclusion framework.
theguardian.com
Leaks, lawyers and a whistleblower: how did KPMG’s failings emerge – and could more have been done?
A parliamentary inquiry heard claims from one former employee that partners pursued ‘revenue growth at all costs’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastKPMG partners leaked client information and mishandled the whistleblower who raised the alarm, an inquiry has heard. Top global and Australian managers, three law firms and government regulators all missed the signs.The firm has admitted unethical internal leaks but initially refused to hand over its investigations to regulators. Its London-headquartered international arm has issued a general apology but denied responsibility. Continue reading...
theguardian.com
UK minister working up plans for state-owned housing developer
Exclusive: Steve Reed is looking at government run scheme that could borrow at lower rates than private developersThe housing secretary has been working up plans for a state-owned housing developer, according to details leaked to the Guardian, as the government looks for ways to stimulate stubbornly low rates of housebuilding.Steve Reed has been looking at proposals to set up a new state-owned developer which could borrow at lower rates than private developers and housing associations, according to plans leaked to the Guardian. Continue reading...
theguardian.com
The AI bubble has further to run despite the looming crash
As tech firms make huge profits and investors fear losing out, both are doing their best to hold off the day of reckoningOpenAI staggers AI model release after White House requestEvery couple of decades, investors will ask themselves how long can the stock market keep climbing. Is it safe to buy more shares? Is their pension or equity portfolio vulnerable should financial markets, and especially those in the US, come crashing down to earth?When stock markets rise to historically high levels – and beyond the level when normal profits can sustain share prices – a few “experts” typically warn of an impending crash. Continue reading...
cnbc.com
Why investors may want to prioritize bond markets outside the U.S.
Allspring Global Investments is pushing clients toward countries with central banks that are raising interest rates or have different inflation dynamics.
cnbc.com
‘Heated Rivalry’ fuels a boom in gay romance stories, with women leading the fandom
‘Heated Rivalry’ has helped gay romance stories gain mainstream attention, with women driving much of the fandom.
theguardian.com
Appeals court rejects Trump EPA bid to abandon rule restricting deadly soot pollution
Decision leaves in place Biden-era standard on pollution from coal-fired plants, factories and other industrial sourcesA federal appeals court on Friday rejected the Environmental Protection Agency’s attempt to abandon a Biden-era rule that sets tough standards for deadly soot pollution.The unanimous ruling by a three-judge panel is a setback for the Trump administration’s deregulatory agenda and its repeated efforts to boost coal, a reliable but polluting energy source. Continue reading...
cnbc.com
American couple left New York City and bought a house in Italy for $13,000: 'We found a different way of life'
Cassandra Tresl and Alex Ninman moved in with Tresl's grandfather in the Czech Republic in 2020 and closed on a house in Abruzzo, Italy, in 2022.
cnbc.com
Red Lobster's Ultimate Endless Shrimp promotion is described as a 'car crash' for the company, lawsuit says
"Thai Union doubled down on a campaign to squeeze out every drop of value that it could," creditors said
cnbc.com
The memory shortage shaking Apple and Microsoft is 'existential crisis' for smaller players
While Apple and Microsoft raise prices on key devices to help cover the soaring costs of memory, smaller consumer electronics companies are in dire straits.
cnbc.com
SpaceX stock has cooled. Hiring for jobs in the space economy hasn't
The SpaceX IPO euphoria is over, but the bullish trend in space economy jobs remains in place within a labor market where many other sectors have slowed hiring.
bbc.co.uk
Free summer holiday sport sessions offered in city
The scheme will visit green spaces around Sheffield, with free food and drink also offered.
cnbc.com
Berkshire CEO Greg Abel sworn in as U.S. citizen at baseball game
Abel, a longtime Iowa resident who was born in the Canadian city of Edmonton in 1962, was among the roughly two dozen people from 16 countries who participated in an annual naturalization ceremony hosted by the Iowa Cubs Thursday night in Des Moines.
theguardian.com
‘I’m missing out’: the cash-strapped UK university students forced to live at home
Experts say students from poorer backgrounds increasingly having to limit their options because of money worriesMost days, Mariam spends hours simply waiting.The 19-year-old University College London student often finishes her lectures by mid-morning but has careers events or society meetings in the evening. The three-hour round trip to her family home means travelling back and forth makes little sense, so she waits on campus instead. More often than not, by the time the event starts, she is too exhausted to stay long. Continue reading...
theguardian.com
‘A sad inevitability’: after decades of climate warnings, why is Europe so unprepared for rising heat?
Scorching summer of 2003 triggered first efforts to deal with the problem but heatwaves still have devastating impactOn Wednesday, Pierre Masselot received a text from his daughter’s nursery – less than 50 miles from the weather station that was the first this week to break the UK June temperature record – asking parents to collect children early because the school buildings were about to get worryingly hot.Similar scenes were repeated across Europe this week as the continent swelters through its most severe and widespread heatwave on record – an oppressive force made hotter by carbon pollution and less bearable by repeated failures to prepare for it. France experienced its hottest day and night on record, while the UK and Switzerland both broke their heat records for a June day. Continue reading...
theguardian.com
‘Basically you’re trapped’: UK postgraduates burdened with double loan debt
Calls for reform to student loan system as those studying for a master’s can be left with ‘a life tax’Whether to pursue a master’s degree was not really a choice for Francesca Peters. Fresh from an undergraduate degree in biochemistry in 2020, she had set her sights on securing her dream job. There was a catch, however. The only route into her chosen field was further study – and more debt.She had finished university with more than £60,000 in student debt but another loan to fund her master’s meant this spiralled to £77,000. “It just feels like a life tax,” she says. “Because I’m never going to pay it off.” Continue reading...
cnbc.com
Red-alert heatwaves are becoming Europe's new normal. Investors are paying attention
Temperature records were smashed across Europe this week, prompting several countries across the continent to issued high-level warnings about danger to life.
bbc.co.uk
Trump threatens 100% tariff on European nations over tech tax
The US president says "Numerous European countries" have been discussing bringing in such a levy.
cnbc.com
Trump admin allows Anthropic to release Mythos AI model to some companies, government agencies
Anthropic disabled access to its Fable 5 and Mythos 5 models to comply with a government export control directive citing "national security authorities."
bbc.co.uk
Could you handle a 20-plus hour flight? This airline is banking on it
Some analysts say the first non-stop London to Sydney flight is a major milestone - but would you buy a ticket?
bbc.co.uk
Three unusual things about the King's tax bill
King Charles paid £12.9m in tax for 2024-2025 - here's what we know about his unique tax situation.
cnbc.com
China's Zhipu is closing in on top U.S. AI models with Anthropic and OpenAI held back
Zhipu's GLM 5.2 shows the AI fight is shifting to who delivers the most intelligence per dollar, making open source suddenly a real contender.
theguardian.com
Europeans voice concerns amid sweltering heatwave - video
European residents and tourists voiced their concerns over soaring temperatures as the continent continues to grapple with 'the most severe and widespread' heatwave ever. In summer 2022, more than 60,000 people died due to heat in Europe, and the current heatwave is already disrupting lives and livelihoodsEuropean heatwave is worst ever and impossible without climate crisis, scientists say Continue reading...
cnbc.com
Trump threatens 100% tariffs on countries putting 'Digital Services Tax on American Companies'
"This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not," President Donald Trump wrote in a Truth Social post.
bbc.co.uk
New ISA and Lifetime ISA changes explained
In this week’s episode, there’s a deep dive into first-time buyer savings, with a special focus on Lifetime ISAs.
theguardian.com
The king, his millions, and the first public royal tax bill – The Latest
King Charles has become the first monarch in modern times to reveal how much tax he pays on his private income: £24.6m over the last two years.The move comes after years of calls for the monarch to be more open with the public about the royal finances. Some are heralding this as a new era of transparency – but just how open has the revelation been?Lucy Hough speaks to our European financial affairs editor, Juliette Garside Continue reading...
theguardian.com
‘Fork in the road’: CEO of Amazon-backed Rivian on why carmakers need to invest in EVs
RJ Scaringe says firms focused on selling fossil fuel engines risk being ‘woefully behind’ on technology by end of decadeCarmakers that focus on selling fossil fuel engines are at risk of being “woefully behind” on technology by the end of the decade, according to the boss of Rivian, an Amazon-backed US electric carmaker.RJ Scaringe, Rivian’s founder and chief executive, said the car industry has reached a “fork in the road” in the choice between short-term profits and the heavy investments, particularly in software, that will be required to survive. Continue reading...
bbc.co.uk
What's happening to petrol prices now oil is back to pre-Iran war levels?
When the conflict began on 28 February, fuel costs jumped as the war disrupted the production and transportation of energy across the Middle East.
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How do you escape an overdraft?
How do you escape an overdraft? Finance expert Ioan Bain explains
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'The cult of Elon': SpaceX investors grapple with volatility amid big swings
SpaceX stock has seen big spikes and drop in its opening two weeks as a public company.
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Who could be the UK's next chancellor?
The prime minister's resignation has fired the starting gun on the race to be in charge of the UK's finances.
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The abundant but expensive energy source that's under your feet
Start-ups are taking fresh approaches to geothermal energy, but will the economics work?
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Asia stock markets slide as tech shares slump
Trading on South Korea's Kospi index was halted for the third time this week to prevent panic selling.
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U.S.-Iran peace deal grants access to Tehran's nuclear sites, UN watchdog says
"The technical work has started, and we hope to be there soon," IAEA chief Rafael Grossi said at a news conference in Japan on Friday.
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Homes for sale near lidos, lakes and ponds in England and Scotland – in pictures
From a London tower near reservoirs to a Plymouth townhouse close to a historic saltwater lido Continue reading...
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NBA targets Asian resurgence with technology and talent push
Southeast Asia has emerged as one of the NBA's fastest-growing markets for fan engagement, making the region a focal point for both player development and business expansion.
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Brexit: An Oral History – podcast
This week marked 10 years since the UK chose to leave the EU. In a series of interviews with key players from both sides, Kiran Stacey looks back on the Brexit vote that changed the country foreverRead the Guardian’s full article on Brexit here Continue reading...
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Power banks and vapes now biggest fire risk on planes
Lithium battery fires are the number one safety risk to aircraft, yet the number of devices found in hold bags has nearly doubled in a year.
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Teens who hacked TfL were known to police years before cyber-attack
Owen Flowers and Thalha Jubair were convicted for their roles in the attack, which led to large costs for Transport for London.
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I'm back at home again after uni - here's how I'm making it work
Rising costs are forcing more young adults to live with their parents, here's how not to come to blows.
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Apple hikes some prices by nearly 20% while Xbox raises console cost
Apple said it had "never seen a component price increase this much, this quickly".
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Reeves urges Burnham to 'stick to what I'm doing' on economy
The chancellor throws her support behind the MP for Makerfield despite reports he could demote her if he becomes PM.
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Oil price falls back to pre-Iran war levels
Signs that traffic through the key Strait of Hormuz shipping route is gradually resuming has helped to push the oil price down.
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Rethink
Could the US dollar lose its number one status?
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Iran's neighbor, U.S. ally: What Pakistan gains from being a peacemaker
Pakistan's efforts to bring an end to the conflict in the Middle East are driven by the need to avoid a spillover across its borders.
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Ryanair says it will reluctantly not charge parents to sit next to children
The airline had typically charged adults a fee of £8 each way to sit with their young children.
theguardian.com
Why we're paying more for locally grown food than imports – video
British apples grown at home are often more expensive than apples shipped from countries thousands of miles away. And it's not just apples. Bananas, which are virtually all imported from tropical countries, are consistently the cheapest fruit available per kilogram on UK supermarket shelves. Josh Toussaint-Strauss investigates the peculiar economics of supermarket fruit, and discovers there are many aspects of our food supply system that don’t appear to make much sense Continue reading...
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How you can save money on your energy bill as debts rise
Experts say support is available as total debt and arrears to suppliers hit a new record.
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EasyJet rejects fourth takeover offer
The airline is questioning the "deliverability" of the offer.
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IBM hails new 'block of flats' design breakthrough for ultra tiny chips
IBM says it has created the world's first known chip tech below 1 nanometre - but it will be some time before it's ready for production.
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Price cuts on family summer days out come into force
The government is reducing VAT from 20% to 5% on attractions and kids' meals as schools begin to break-up.
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I've spent 30 years in recruitment - this is how to get a job
The recruitment agency boss shares his tips on getting noticed in a tougher jobs market.
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The biggest wealth transfer in history is here: How the next generation will spend the trillions
The greatest wealth transfer is underway, and heirs who are set to inherit are preparing to use the money very differently from the generations that built it.
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The legal fight to get equal pay for Germany's disabled workers
A test case is seeking the minimum wage for 300,000 disabled people who currently get paid less.
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Business Daily
Luis von Ahn co-founded the #1 language app after selling reCAPTCHA to Google
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U.S. fights with Brazil for China's giant soybean market
The U.S. Soybean Export Council makes claims to higher quality a selling point over Brazil's crop, as American farmers attempt to win back business from the world's largest importer
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Do you know your 'sweat score'? The rise of hydration tech
Hydration tracking gadgets are flooding the market but is it too much information?
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Is Germany looking again at coal-powered electricity?
It had planned to abandon the fuel, but the higher cost of natural gas may make it think again.
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The artificial ice pyramids saving India's mountain villages
Himalayan villages are creating artificial glaciers to guarantee water for their crops in the spring.
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'We had to get out of the way': The backlash over delivery robots
As the delivery vehicles increasing take to US streets, bans and protest groups are springing up.
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What is Helium-3 and could we get it from the moon?
Helium-3 is expensive and demand is forecast to soar, so some are planning to mine it on the moon.
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Why I sold my business to my staff
As more US company owners reach retirement age many are selling up to their employees.
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India's 'blue gold' starts a new drinks industry
Agave plants grow wild in India and new distillers are using them to create a spirits industry.
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The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
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New candy stores are popping up across NYC. Why?
While US consumer confidence is at an historic low the Big Apple's sweet shops are expanding.
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Could humanoid robots be heading for the battlefield?
Armed forces are experimenting with humanoid robots, but battlefield deployment is some way off.
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Spain's visitor numbers hit new highs as tourists avoid Middle East
The European country had 9.1 million international visitors in April, the most ever for that month.
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How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
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The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
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The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
bbc.co.uk
Scammers are becoming ever more sophisticated - this is what the fightback looks like
Scams have exploded over the last few years. Can countries and companies come together to turn the tables on the scammers?
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